Mueller Water Products Inc (NYSE: MWA) has reported earnings for its third fiscal quarter (ending June 30) of $0.30 versus $0.16 for the same period a year ago — an increase of 88%. This result exceeded the consensus estimate of $0.22 by $0.08. For the latest four quarters through June 30, E.P.S. were $0.79 versus $0.49 for the same period a year ago — an increase of 61%.
Recent Price Action
On 8/5/24, Mueller Water Products Inc (NYSE: MWA) stock declined by -3.5%, closing at $18.96. Moreover, trading volume in this decline was exceptionally high at 227% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -8.4% during the last week.
Current PriceTarget Research Rating
MWA’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Mueller Water Products has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Mueller Water Products has a poor Appreciation Score of 18 but a very high Power Rating of 91, with the Neutral Value Trend Rating the result.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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